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Tagged: 'Sovereign debt'

Results 1-10 of 41

Greening the Financial System

8 November 2017

Publication

The need to mobilise green, climate smart, environmentally friendly financing is racing at speed up the agenda of regulators, governments and the institutional investor and financial communities globally. Whilst the commitment in the Paris Agreement to hold global...

European Commission presses for progress on Multilateral Investment Court

22 September 2017

Publication

The European Commission (EC) has called for authorisation to negotiate a free-standing multilateral court (MIC) to resolve investor-State disputes arising under investment agreements. If the EC's vision gains traction, the way in which investor-State disputes...

伦敦银行间同业拆借利率(LIBOR)-终结的开始?

23 August 2017

Publication

虽然伦敦银行间同业拆借利率(LIBOR)作为金融市场基准利率已逾三十载,但自从英国金融服务监管局(FSA)2012年对LIBOR操纵丑闻展开调查(即“Wheatley Review”)以来,LIBOR始终面临压力。英国金融行为监管局(FCA)首席执行官Andrew Bailey最近于7月27日发表了讲话[1] ,预示LIBOR可能终将谢幕。市场主体需要未雨绸缪,应对LIBOR可能在2021年底后终止公布。本文将讨论这一问题的成因,并评估其对市场主体实践操作及文本层面的影响

US Considerations for Transition Away from LIBOR

2 August 2017

Publication

Although a bedrock of the financial markets for over 30 years, LIBOR has been under pressure ever since the Wheatley Review, and a speech given by Andrew Bailey, Chief Executive of the UK's Financial Conduct Authority on July 27th heralds its potential demise....

LIBOR - the beginning of the end?

28 July 2017

Publication

Although a bedrock of the financial markets for over 30 years, LIBOR has been under pressure ever since the Wheatley Review, and a speech by Andrew Bailey, Chief Executive of the UK's Financial Conduct Authority on 27 July heralds its potential demise. Market...

New Singapore Cybersecurity Bill Released for Public Consultation

14 July 2017

Publication

On 10 July 2017, the Ministry of Communications and Information (MCI) and the Cyber Security Agency of Singapore (CSA) released a proposed Cybersecurity Bill (Bill) for public consultation. The draft Bill aims to be a broad, omnibus cybersecurity law, instead of...

A Slice Of MFN With That Incremental Loan

6 June 2017

Publication

In recent trends, borrowers have been negotiating expansive exceptions to most favored nation ("MFN") clauses for incremental loans in order to optimize flexibility and minimize costs for future financings.  As described herein, the ever-lasting...

The status of multilateral financial institutions in English law

1 June 2017

Publication

Dealing with a multilateral financial institution raises different issues from transactions with private sector entities. This requires an understanding of the particular institution in question, including its immunities, if any, and its capacity, but there will...

Luxembourg Legal Update - March 2017

3 April 2017

Publication

We are pleased to provide you with the latest edition of our Luxembourg Legal Update. The newsletter provides a compact summary and guidance on the new legal issues which could affect your business, particularly in relation to banking, finance, capital markets,...

Sovereign pari passu clauses: lost rights or last rites?

13 February 2017

Publication

In late 2012, the New York courts decided that a pari passu clause in a sovereign bond prevented the sovereign from paying other creditors without paying the bondholders at the same time. This caused concern in some quarters, not least because of the power it offered...